Will you have elected or appointed officials starting a new term in 2015? Make sure they know their responsibilities for recording their time worked — this way, you can ensure they receive the appropriate service credit while in office. Find out more on our Elected and Appointed Officials page.
We recently updated our Employer’s Guide . Some noteworthy changes include clarifying the procedures for reporting Elected and Appointed Officials, updating the sample Standard Work Day and Reporting Resolution (RS2417-A) and providing more details on what you need to do when hiring a new employee. The guide is also an excellent resource to help you understand your role as an employer in educating your employees about their benefits.
For calendar year 2014, the overtime limit for ERS Tier 5 members is $16,882.63, while PFRS Tier 5 and 6 members have a cap of 15 percent of their regular salary. The overtime limit for ERS Tier 6 members is based on the State fiscal year and is $15,490 for the fiscal year ending March 31, 2015. Please email our Member & Employer Services Bureau if you have any questions.
Your annual invoice is available online. If you didn’t choose to prepay the discounted amount by December 15, your payment is due February 1, 2015. Please note that February 1, 2015 falls on a Sunday. Payments sent by certified mail with a postmark date on or before February 2, 2015 will be considered on time. You can read our Invoice FAQs if you have questions.
The legislation that created Tier 6 established variable contribution rates for members based on their annualized wage. This video will help you understand how rates are determined and your important role in the process.